Connect the RCA-end of the audio cable to your turntable's output jacks.
Connect the 1/8-inch end of the audio cable to the "line-in" input jack of your computer's sound card.
Boot up your computer and install audio recording software. Many free, open-source applications are available for this purpose.
Create a new file in your audio recording software. Set the file parameters to "16-bit stereo" and "44.1 kHz."
Play the LP album you wish to record.
Access your sound card control window by right-clicking the speaker icon found on the lower right-hand portion of your computer's task bar. Select "recording devices," then confirm that the "line-in" connection is enabled.
Observe the input volume meters in your audio software. Adjust the line-in recording levels in your sound card control window so that the volume meters in your audio software move actively but do not spike into the red portions during playback.
Select the "record" button in your audio software.
Cue your LP record back to the position you wish to begin recording. Allow it to play entirely through the material.
Select the "stop" button in your audio software. Save the .WAV file you've just recorded.
Power-down your turntable.
Select and delete whatever file content precedes the beginning of the first song you wished to record. Apply a fade-in to the beginning of the song if desired.
Select and delete whatever is left over after the conclusion of the last song. Apply a fade-out to the end of the song if desired.
Select the last song in the file in its entirety, use the "cut" command to remove it, and save it to a new file with the song's title as the file name. Repeat this process for each song, moving backward until only the first song remains.
Insert a blank disc into your CD/DVD burner. Activate Windows Media Player or iTunes and select the "burn CD" option.
Sequence the songs accordingly and start the burning process.
Use Windows Media Player or iTunes to rip the CD you've burned, if you wish to convert the songs to MP3 for iPod playback.
Delete the .WAV files created during the recording process.